---
schema_version: "secwatch.filing_event.v1"
accession: "0001043219-26-000077"
form_type: "8-K"
ticker: "NLY"
cik: "0001043219"
company_name: "ANNALY CAPITAL MANAGEMENT INC"
filed_at: "2026-10-20T20:15:56+00:00"
generated_at: "2026-10-20T20:17:08.814482+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Annaly Q3 2026 GAAP loss of $1.36/share; EAD $0.80, book value falls to $17.86 from $20.15

## Summary
- GAAP net loss of $(1.36) per average common share versus $1.06 income in Q2 2026; annualized GAAP ROE of -24.35% and economic return of -7.6%.
- Earnings available for distribution of $0.80 per share exceeded the $0.75 common dividend; annualized EAD ROE 15.86%, net interest margin 1.54% (1.69% excluding PAA).
- Book value per common share fell to $17.86 from $20.15 at June 30 and $19.25 a year earlier; GAAP leverage rose to 8.0x from 7.4x, economic leverage to 5.9x from 5.6x.
- Total portfolio $106.5B: Agency $91.8B (55% of dedicated capital), residential credit $10.4B (23%), MSR $4.3B (22%); hedge ratio ended at 100%.
- Record $7.4B across 12 residential credit securitizations and record $5.8B whole-loan fundings; raised $757M via ATM; redeemed $442.5M Series I preferred on Oct. 1, 2026.

## SEC filing metadata
- accession: 0001043219-26-000077
- form_type: 8-K
- ticker: NLY
- cik: 0001043219
- company_name: ANNALY CAPITAL MANAGEMENT INC
- filed_at: 2026-10-20T20:15:56+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043219/000104321926000077/0001043219-26-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043219/000104321926000077/nly-20261020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043219-26-000077
- JSON: https://secwatch.observer/filing/0001043219-26-000077.json
- Plain text: https://secwatch.observer/filing/0001043219-26-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.